74,000 65% 54,000 40% Work in process inventory, May 1 30% 20% Work in process inventory, May 31 Materials cost in work in Co Units started into production Units transferred to the next production department Materials cost added during May Conversion cost added during May $ 58,800 $ 17,500 262,400 282,400 $ 400.240 $ 252,244 n cost in work in process inventory, May 1 Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs Determine the equivalent units for May for the first process onve Equivalent units of production Compute the costs per equivalent unit for May for the first process (Round your answers to 2 decimal MaterialsConversion